Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental revenues $ 100,251 $ 115,050 $ 271,082 $ 347,389
Management, leasing and other services 1,194 1,356 3,362 3,943
Tanger Factory Outlet Centers, Inc. [Member]        
Revenues:        
Rental revenues 100,251 115,050 271,082 347,389
Management, leasing and other services 1,194 1,356 3,362 3,943
Other revenues 1,768 2,588 4,392 6,524
Total revenues 103,213 118,994 278,836 357,856
Expenses:        
Property operating 35,206 39,149 101,991 118,252
General and administrative 11,181 12,292 35,331 40,910
Impairment charge 0 0 45,675 0
Depreciation and amortization 29,903 30,103 87,966 93,009
Total expenses 76,290 81,544 270,963 252,171
Other income (expense):        
Interest expense (15,647) (15,197) (47,786) (46,638)
Gain on sale of assets 2,324 0 2,324 43,422
Other income (expense) 161 227 789 (2,966)
Total other income (expense) (13,162) (14,970) (44,673) (6,182)
Income (loss) before equity in earnings of unconsolidated joint ventures 13,761 22,480 (36,800) 99,503
Equity in earnings (losses) of unconsolidated joint ventures (42) 2,329 (1,490) 5,604
Net income (loss) 13,719 24,809 (38,290) 105,107
Noncontrolling interests in Operating Partnership (690) (1,263) 1,939 (5,308)
Noncontrolling interests in other consolidated partnerships 0 0 (190) (195)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. $ 13,029 $ 23,546 $ (36,541) $ 99,604
Basic earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.14 $ 0.25 $ (0.40) $ 1.06
Diluted earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.14 $ 0.25 $ (0.40) $ 1.06
Tanger Properties Limited Partnership [Member]        
Revenues:        
Rental revenues $ 100,251 $ 115,050 $ 271,082 $ 347,389
Management, leasing and other services 1,194 1,356 3,362 3,943
Other revenues 1,768 2,588 4,392 6,524
Total revenues 103,213 118,994 278,836 357,856
Expenses:        
Property operating 35,206 39,149 101,991 118,252
General and administrative 11,181 12,292 35,331 40,910
Impairment charge 0 0 45,675 0
Depreciation and amortization 29,903 30,103 87,966 93,009
Total expenses 76,290 81,544 270,963 252,171
Other income (expense):        
Interest expense (15,647) (15,197) (47,786) (46,638)
Gain on sale of assets 2,324 0 2,324 43,422
Other income (expense) 161 227 789 (2,966)
Total other income (expense) (13,162) (14,970) (44,673) (6,182)
Income (loss) before equity in earnings of unconsolidated joint ventures 13,761 22,480 (36,800) 99,503
Equity in earnings (losses) of unconsolidated joint ventures (42) 2,329 (1,490) 5,604
Net income (loss) 13,719 24,809 (38,290) 105,107
Noncontrolling interests in consolidated partnerships 0 0 (190) (195)
Net income (loss) attributable to Tanger Factory Outlet Centers, Inc. 13,719 24,809 (38,480) 104,912
Net income (loss) available to limited partners 13,580 24,556 (38,089) 103,850
Net income (loss) available to general partner $ 139 $ 253 $ (391) $ 1,062
Basic earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.14 $ 0.25 $ (0.40) $ 1.06
Diluted earnings per common share/unit        
Net income (loss) (in dollars per share) $ 0.14 $ 0.25 $ (0.40) $ 1.06